Cryptocurrency

Bitcoin / USD may fall to 65430 - 66000

2024-10-23

67980 is our pivot point.

Our preference

The downside prevails as long as 67980 is resistance.

Alternative scenario

Above 67980, look for 68930 and 69490.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67235 and 67234).

Supports and resistances

69490 **

68930 *

67980 **

67610

67122 last

66000

65430 **

64870 *

64310 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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